shiv2798
Short

Going Trade with Wild instance

NSE:JUBLFOOD   JUBILANT FOODWORKS
I am looking to sell this at or near 1408 with stop of 1440
For Target of 1340/1345
Who is with me for shorting in bull market ??
Trade closed: target reached: Sorry for late up date , net work issue , could not up date form i phone
Sold at 1440 after 5 Mint and cooked near 1402 on second lower visit
It worked , but price did stay above , did not fall back to fill the gap
Closed my trade at 12 Noon
Regards
Comment: I am sorry for not up dating it on timely manner , we have network issue after a rain in my city ,
The reason i took this trade is because when stock starts making new high with % Gain more than 5 in a day , the next open will be likely more than 4 % of last closing price , its little difficult to understand what is % based trading , but in broker charting software there will be % Coloum so that you can view the stock movement in the form of % gain or loss
Here one thing you need to understand Not stock moves in straight 10 % high and close above 10 % in one week unless there is a valid reason or news for it to do so
So i considered some basic calculations in order to prepare this chart , but it overshoot the calculations and crowd behavior was so strong it went and hit 1444.50 , I trade in 5 Mint so i took short position in Cash at 1440 and closed my trade at 1402, at noon , i did not wanted to stay more time since so i closed this trade , although the price came down after i close the trade ,
The interesting part is in % based trading if the down fall takes it should clearly fell towards the gap filling, but here it did not happen in order to keep the trade further on
Thanks
Trade closed: target reached: My short selling F & O Target reached
From 1440 to 1344
100 Points
Yaaaaaaaaaaaaaaaahhhhhhhhhhhhuuuuuuuuuuuuuuuuuuuuuuu
isint a flag? and it can break out on the upside too! what about the risk reward? !:2 ok good!
Reply
shiv2798 Parasuram
@Parasuram,
Sir it's not correct technically , it can push high and take your stop
Reply
hotpot64 Parasuram
@Parasuram, It has very heavy resistance at 1400 - 1415, it won't break it, even yesterday's up move was on weak volumes and above all stamp of approval from Shiv :-)
Reply
shiv2798 hotpot64
@hotpot64,
Oh sir thank you for your kind faith
"Some times monkey fell from tree"
I will explain why I considered this script for selling better than buy after the session
Regards
Reply
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